March 20th, 2020 at 9:53 am
Each you in the UK, drivers spend hundreds or even thousands on their number plates. Private plates have become a huge part of the DVLA’s income, raising millions every year in the annual auction. However, there are some people who don’t even know that their registration plates are valuable. How can this be? Well, it all stems from limited public knowledge about how registration plates work. In fact, most people aren’t even aware if their number plate meets the legal criteria!
Over the past few years, the customised number plate sector has expanded considerably. Private plates can be very expensive depending on which numbers and characters appear on then. Top tier plates that have exclusive registrations can cost more than £500,000 and the combined price of special custom plates stands at about £100 million.
What Was The Most Costly Number Plate Ever Sold?
In the United Kingdom, the most costly number plate to ever be sold was “25 O”. This plate was sold for a whopping £518,480 when it went to auction. This was closely followed by the plate “F1” that was bought for £440,000 by entrepreneur Afzal Khan at auction back in 2008.
With both of these examples in mind, it’s easy to see that plates that have only a few characters have greater value. Out of the UK’s most costly plates, five of the top 10 had only two characters including F 1, S 1, 1 D, M 1 and 1 0.
You might, therefore, assume your standard number plate won’t be worth a lot. While you may be unable to make thousands from selling your number plate, even an ordinary-looking number plate could be worth more than you think.
If you’re wondering if it’s possible to find out how much your plate is worth, you’ll be pleased to find out the there is a calculator to help you work out its value on the Guide to Value of Car Registrations. This will help you to work out if you should sell your plate and the amount you may be able to get in return. Even surprisingly ordinary looking plates may be worth a large amount. As an example, plates that were registered in the year 2010 could be worth more than £1,499.
Would you like a basic guide to how much you could expect your plate to be worth?
Combinations of Single Letter Suffixes such as “A 247” – these could be valued between £1,799 and £600,000
Combinations of Single Letter Suffixes such as “4763 C” – these could be valued between £1,599 and £500,000.
Combinations of Double Letter Suffixes such as “VN 442” – these could be valued between £799 and £200,000.
Combinations of Double Letter Suffixes such as “6 WO” – these could be valued between £699 and £150,000.
Combinations of Triple Letter Prefixes with no year letters such as “BP S 2” – these could be valued between £699 and £75,000.
Combinations of Triple Letters with no year letters such as “4 JGM” – these could be valued between £499 and £60,000.
Combinations of Triple Letters with year letters such as “G4 ABC” – these could be valued between £199 and £6,599.
Combinations of Triple Letters with year letters as a suffix such as “SUE 694R” – these could be valued between £199 and £6,999.
New style plates such as “NA 51 USA” – these could be valued between £150 and £4,999.
In the Guide to the Value of Car Registrations you’ll find everything you need to find your number plate’s possible value. There are other websites too where you’re able to enter your plate details and discover how much it’s worth straight away. Many more sites will then offer to buy your plate too.
However, if you’re considering selling your registration plate you might want to research a little more to determine the optimal way of selling your plate. Although it might seem simple to sell your plate online, there are other options too. You may want to sell it on eBay where you’ll be able to keep everything you make.
Bear in mind, too, that the cost of your number plate is sure to increase depending on its perceived value. So if, for example, your plate spells out a name, profession, phrase or even celebrity’s name, it will be more desirable and, thus, more valuable.
Now you’ve got a good idea how you can get your number plate valued, all you have to do is find a buyer! Good luck!